As global public debt stocks ballon, Turkey cutting its debt

While prospects for a boom in public debt stocks across the world are on the horizon, Turkey seems remarkably well-positioned in terms of its public debt stock and the ratio of its public debt to its total national income, international credit rating agency Standard & Poor's said yesterday. According to S&P, as foreign debts of most of the world's indebted countries are outpacing their national incomes, Turkey is showing an amazing performance in terms of both its public debt stock and the ratio of its public debt stock to its total national income. Turkey is also ranked among the best countries in terms of its solvency capacity, and the ratio of its foreign debt to its total national income is only 36.4 percent.